Fundamentals of Financial Management

Financial management is that area of business management which is devoted to a judicious use of capital and a careful selection of the source of capital in order to enable a spending unit to move in the direction of reaching the goals. It means applying general management principles to financial resources of the enterprise. The scope of financial management includes investment decisions, financial decisions and dividend decisions. Investment decisions include investment in fixed assets. Financial decisions are related to raising of finance from various resources. Dividend decisions are concerned with the finance manager who has to take decision with regards to the net profit distribution between shareholders and the enterprise. Basic objectives of financial management are maximisation of profit, ensuring survival of company, minimising capital cost, deliverance of significant returns, etc. This book explores all the important aspects of financial management in the present day scenario. The various sub-fields of financial management along with technological progress that have future implications are glanced at in this book. Those in search of information to further their knowledge will be greatly assisted by this book.